Here’s how milspouse entrepreneurs can win $5,000 for their business

By J.G. Noll

If you’re a military spouse who has launched their own business, you’ll want to take notice. The StreetShares Foundation is dedicating May’s Veteran Small Business Award to spouse entrepreneurs.

Applications will be accepted until April 30 from only active duty, Reserve, National Guard, or veteran spouses and must be able to prove their spouse status. Applicants must be at least 21 years old, own at least 50 percent of a sole proprietorship, legally incorporated LLC, S-Corp, C-Corp, formal partnership, or legal 501(c)(3) nonprofit.

The application requires a short essay and a video. The top three winners will receive grants of $5,000, $3,000, or$2,000.

Five to 10 finalists will be announced on May 4. Finalists will be evaluated on:

  1. Business idea
  2. Use of award funds and potential impact
  3. Product-market fit
  4. Team and company history
  5. Influence of the business on the military and veterans community

Online voting will take place the remainder of May. Voting will determine the winners. Read the complete rules and apply here.

StreetShares is a funding platform for the nation’s small businesses. Founded by Mark Rockefeller, a veteran who served in Iraq, the organization has close ties to the military community with many members of the core team having served in the military themselves. The StreetShares Foundation, an extension of the StreetShare brand, exists to “inspire, educate, and support veteran small business owners.” Their grant program runs monthly and is open to veteran-owned small businesses.